Today's headlines
HEADLINE NEWS
5.5G packages are priced at up to 399 yuan a month, scaring off users: too expensive, unaffordable and unnecessary
Recently, operators in many places have launched 5G-A experience packages, but they have been complained by many consumers due to their relatively high prices - the monthly fee of the package starts at 199 yuan and reaches a maximum of 399 yuan. Some users revealed that Yunnan Mobile recently launched a 5G-A experience package with a monthly fee of up to 399 yuan. Specifically, it includes 150GB of domestic general traffic + 150GB of domestic directional traffic, and 2,000 minutes of domestic voice and video calls. However, Yunnan Mobile reminded that users need to have a mobile phone that supports 5G-A and must be within the coverage of the 5G-A signal.
Compared with 5G networks, 5G-A has achieved a further improvement in network speed, but consumers have ridiculed that "5G is enough" and "not necessary". In a Weibo poll, nearly 82% of netizens thought that the 5G-A experience package was too expensive, and only 8% of netizens said they were willing to try the upgrade. In addition to package prices, base station construction, terminal support, and application cultivation are still hindering the development of 5G-A. (Sina Technology)
Domestic Information
DOMESTIC NEWS
Insta360 founder speaks out in the early morning to seek justice: IPO is not going well, and all personal salary is used to repay interest
On August 14, in the current context of the A-share market downturn and financial anti-corruption, Insta360 founder Liu Jingkang published a long article on WeChat Moments, clarifying some sensitive issues in the company's IPO process in detail and expressing his firm confidence in the company's future development and the rise of China's smart manufacturing. Liu Jingkang said: "After the on-site inspection in 2022, I did not receive any regulatory dissuasion. I do not ask for approval, but only for fair characterization. Don't let the 2,000 post-90s who really want to let the world know about China's smart manufacturing and technological rise through technology be hurt."
Liu Jingkang said that he understood the regulators' cautious attitude towards problematic companies in the current environment, but he stressed that this was not the case with Insta360, and promised that if there were any circumstances that were not in line with the facts, he would voluntarily resign to show his responsibility.
In addition, Liu Jingkang also revealed that since the company is in a rapid development stage, almost all of his personal salary is used to repay interest, and the annual interest expenditure is as high as seven figures. In the nine years since its establishment, Insta360 has accumulated profits of ten figures, but has not distributed dividends so far. During the IPO period, when equity incentives could not be implemented due to policy restrictions, the company still awarded an additional $3 million to core talents to recognize their contributions. (NetEase Technology)
Zhou Hongyi resigned as chairman of the board of directors of Qifu Technology, which has a net profit of more than 14 billion yuan in the past three years and is one of Zhou Hongyi's most profitable businesses.
On August 14, Qifu Technology announced that Zhou Hongyi resigned as the company's director and chairman of the board for personal reasons when it released its financial report. The board of directors has approved the appointment of Zhao Fan as chairman of the board and approved the appointment of Liu Xiangge as an independent director of the board, effective from August 13. The financial report shows that in the second quarter of this year, Qifu Technology achieved a total net income of 4.16 billion yuan, a year-on-year increase of 6.28%; a net profit of 1.377 billion yuan, a year-on-year increase of 25.9%; and a net profit attributable to the company's ordinary shareholders of 1.381 billion yuan, a year-on-year increase of 25.8%.
Qifu Technology said that it has maintained strategic and operational independence for a long time. In 2023, the company changed its name from 360 Digital Technology to Qifu Technology, and this year it upgraded its product 360 IOU App to Qifu IOU. (The Paper)
It is worth mentioning that Qifu Technology is one of Zhou Hongyi's most profitable businesses. Data shows that from 2017 to 2023, Qifu Technology's revenue increased from 788 million yuan to 16.29 billion yuan, and its net profit attributable to the parent company soared from 165 million yuan to 4.2853 billion yuan, with a cumulative net profit attributable to the parent company exceeding 14 billion yuan in three years. In contrast, 360 has shown a downward trend since 2019, and its net profit attributable to the parent company has continued to decline since 2020, with a loss of 2.204 billion yuan in 2022. (Wumian Finance)
Tencent Holdings: Net profit in the second quarter reached 47.63 billion yuan, an increase of 82% year-on-year
On August 14, Tencent Holdings released its first-half performance report on the Hong Kong Stock Exchange. In the first half of 2024, Tencent Holdings' revenue was 320.62 billion yuan, a year-on-year increase of 7%; adjusted net profit was 107.58 billion yuan, a year-on-year increase of 53%; gross profit was 169.77 billion yuan, a year-on-year increase of 22%.
The report shows that in the second quarter of 2024, Tencent Holdings' revenue was 161.12 billion yuan, compared with 149.208 billion yuan in the same period last year, an increase of 8% year-on-year; profit attributable to equity holders of the company was 47.63 billion yuan, an increase of 82% year-on-year; adjusted net profit was 57.31 billion yuan, a year-on-year increase of 53%; gross profit was 85.9 billion yuan, a year-on-year increase of 21%.
It is reported that Tencent Holdings had 260 million paid members for value-added services in the second quarter, which was estimated to be 260 million. Tencent Holdings had 1.371 billion monthly active accounts for WeChat and WeChat combined in the second quarter, a year-on-year increase of 3%; 571 million monthly active accounts for QQ mobile terminals, the same as the previous year, and 34.6 billion yuan in domestic market game revenue, a year-on-year increase of 9%, and 13.9 billion yuan in international market game revenue. (Bianniushi) (
The ability of Tencent to make money has not declined, but it seems difficult to grow. For more fresh information and stories about big companies, please add WeChat
zymcfip
to communicate.)
The account of Internet celebrity Dr. Li Yizhou has been restored and updated: no curriculum reform enterprise consulting
On August 14, Tsinghua PhD Li Yizhou's account was recently updated, and the latest issue was about the AI game between China and the United States. Prior to this, the article "What is the difference between Huawei and Xiaomi" updated a week ago had received 31,000 likes. In addition, Li Yizhou introduced in the comment area that this year he would do a full consultation case for the second-generation succession in multiple industries. Li Yizhou said that after experiencing the helpless public opinion, he is more inclined to serve business owners who can understand him. To C is good for scale but it is also easy to fall into the trap of... To B can drive the industry more, and can also make some good friends and really do something.
It is reported that Li Yizhou is a well-known IP in the field of paid knowledge. Previously, he suddenly went viral because of a comparison picture made with OpenAI CEO Ultraman. Netizens ridiculed and mocked him, saying that the person on the left dropped out of college and led the trend in the AI field, while the person on the right graduated from Tsinghua University with a doctorate and led the training trend in the AI field.
This move also triggered follow-up reports from many media outlets on whether Li Yizhou's paid AI training courses were suspected of charging IQ tax. Some bloggers even paid for the course evaluation themselves, saying that it was not worth it and that they could not learn much information, but it was helpful for popularizing the AI industry. CCTV Finance Channel also commented on Li Yizhou's AI courses, saying that if it was suspected of fraud, it would have to refund one and compensate three, and the platform would also have to bear joint and several liability.
(Bianniushi)
The entire Jiaoxia public relations team was laid off, and the marketing department was merged into the sales department
Recently, it was reported that the lightweight outdoor lifestyle brand Jiaoxia has completely eliminated its brand department, including all employees in the public relations department, and the marketing department has been merged into the sales department. Currently, multiple employees have confirmed this news. According to
public information, Jiaoxia was established in 2013.
At present
,
Jiaoxia has
successfully left behind old players such as Tiantang Umbrella and become the largest sunscreen brand in China.
In April 2022, Jiaoxia officially submitted its prospectus to the Hong Kong Stock Exchange, aiming to become the "first urban outdoor stock in China". The prospectus shows that from 2019 to 2021, Jiaoxia's revenue soared from 385 million yuan to 2.407 billion yuan, an increase of more than five times in three years. What has increased faster than its performance is its company valuation. In 2021, Jiaoxia's valuation was only about 100 million US dollars, but a year later, this figure soared 30 times to 3.026 billion US dollars, or about 21.7 billion yuan.
However, Jiaoxia's IPO journey was not smooth. On April 8, 2022, Jiaoxia submitted its prospectus for the first time in Hong Kong. After it expired, in October 2022, Jiaoxia submitted its prospectus for the second time, and then there was no news. Some industry insiders believe that the closure of Jiaoxia's brand department may also be related to the lack of hope for an IPO. (
Yilan Business)
Tencent Holdings: Negotiating with Apple on revenue from WeChat Mini Games on iOS
Tencent announced its financial data for the second quarter of 2024 on the 14th. Due to the growth of high-gross-margin revenue sources such as local market game revenue and mini-game platform service fees, Tencent's Q2 gross profit increased by 21% year-on-year to RMB 85.9 billion, and the gross profit margin increased from 54% in the same period last year to 57%.
Foreign media reported that Tencent Chief Strategy Officer James Mitchell admitted for the first time in the earnings call that Tencent is negotiating with Apple on the revenue of WeChat mini-games and exploring ways to provide in-app transactions through Apple's iOS payment system. (International Financial News)
Since the release of ChatGPT, nearly 80,000 AI companies have disappeared in China
On August 14, according to media reports, from the release of ChatGPT (November 30, 2022) to July 29 this year, there were 78,612 newly registered AI-related companies in China that are now in an abnormal state of cancellation, revocation or suspension of business. This means that nearly 80,000 artificial intelligence-related companies have disappeared, accounting for 8.9% of the total number of newly registered companies in the same period. Not only that, in the past three years, more than 200,000 AI-related companies in China have been cancelled and revoked, and a total of 353,000 AI-related companies have disappeared in 10 years.
The high cost, high R&D investment and difficulty in profitability in the field of generative AI have become major challenges for AI companies. However, despite this, China has completed the filing and launched more than 180 large generative AI service models that can provide services to the public, and the number of registered users has exceeded 564 million. This round of elimination in the AI industry is not limited to China. Star companies in the AI field around the world are also facing acquisitions or financial difficulties. The financing situation of AI start-ups in the United States is also not optimistic. In the first quarter of this year, the amount of seed round financing fell 70% year-on-year. (Fast Technology)
LGD was reported to sell its Guangzhou factory, TCL Technology responded
Recently, according to Korean media reports, LG Display has decided to sell its 8.5-generation Guangzhou LCD factory to TCL Technology's Huaxing Optoelectronics Technology Co., Ltd. On
August 14, TCL Technology responded that there is no public information to disclose at present, please refer to the company's announcement.
LGD has not publicly responded to this matter.
If Huaxing Optoelectronics successfully acquires LGD's Guangzhou factory, this move is expected to reshape the global display market. As of this year, Huaxing Optoelectronics' LCD market share reached 19.7% if calculated by production capacity. After the acquisition, its market share is expected to grow to 23.9% in 2026. LGD's LCD market share will gradually decrease from 6.2% in 2023 to 1.8% in 2027. (Jiemian News)
Kuaishou has completely removed the short drama "Return to 1990: The Life of the Richest Man" due to its vulgar content and biased value orientation, and the related accounts have been permanently banned
On August 13, the WeChat official account of the China Network Audiovisual Program Service Association published a post: Monitoring found that short dramas such as "Return to 1990: The Life of the Richest Man" and "Return to 1990: The Domineering Life" (formerly renamed "Return to..." and "Rebirth...") have problems such as vulgar content and deviation in value orientation. At present, the relevant works and illegal clips have been taken offline across the network and are prohibited from being broadcast. Illegal materials have been included in the blacklist library to prevent them from being broadcast after being renamed. At the same time, the accounts, mini-programs and entities that released the relevant dramas and videos were dealt with.
Kuaishou said that the platform has completely removed the drama and permanently banned the account "看****场", which is now publicly announced. The platform is committed to building a positive and healthy content ecology. In order to promote the compliant and orderly development of the micro-short drama industry, the platform advocates and supports the creation of high-quality micro-short dramas. At the same time, it adopts a zero-tolerance attitude towards illegal micro-short dramas and continues to systematically clean up and deal with content and accounts with illegal issues. (Zhengguan News)
The buyer of the 130 million factory building denied having any special background and has transferred the money to the court
Recently, a factory building worth 130 million yuan was auctioned for 18,000 yuan, which caused heated discussions. The starting price of the factory building was 1 yuan, and the increment was 1 cent. It was property involved in a criminal case and had been unsold twice before. However, it was reported that on August 7, the content related to this sale had been deleted. The auction platform staff said: The auction order you inquired about has been revoked by the court.
The auction confirmation showed that the bidder was a natural person named Liu Tao, and the fact that he "picked up a bargain" of a 130 million yuan factory at a very low price also aroused netizens' doubts about his identity. In response, Liu Tao denied that he had a special background, "It was not until the court called to notify me to cancel this auction that I believed all this was true."
Liu Tao said that he was born in 1997 and is currently an office worker in a Qingdao company. He learned about the auction from the Internet by chance and participated in the auction according to the court's requirements. On the afternoon of August 7, Liu Tao transferred money to the public account of the Xicheng District Court in accordance with the auction rules. The bank transfer record shows that the transaction time was 13:11:03 and the amount was 18,161.97 yuan. Liu Tao said that he planned to apply for an execution objection first, and if there was no result, he would apply for administrative reconsideration. (Daily Economic News)
Nearly 20 commercial banks have stopped issuing credit cards, mainly co-branded credit cards
It is reported that recently, various banks have intensively stopped issuing some credit card products, mainly co-branded credit cards. According to incomplete statistics from bank announcements, nearly 20 commercial banks have successively issued notices to stop selling credit cards since the beginning of this year. At this stage, the credit card business of commercial banks is facing the dual challenges of shrinking transaction scale and upgrading risk control. The latest payment system operation data released by the central bank shows that in the first quarter of this year, the total number of credit cards and combined credit and loan cards continued to decrease, compared with the total number of 767 million at the end of 2023, a decrease of about 7 million. As of the end of the first quarter of 2024, the average number of bank cards held per person was 6.97, and the average number of credit cards and combined credit and loan cards held per person was 0.54.
According to the responses of various banks and interviews with experts, the main reasons for banks to stop selling co-branded credit cards include: first, the expiration of normal business cooperation; second, changes in consumer demand and market conditions; and third, credit card product upgrades and structural adjustments. In addition, it cannot be ignored that the "New Credit Card Regulations" will be fully implemented from July 1 this year, and the restrictive effect of the new regulations "cannot be underestimated."
Many interviewees said that "co-branded credit cards" will not disappear, but will shift from increasing the scale of card issuance to improving the quality of customer acquisition. It is reported that just as banks have stopped selling "co-branded credit cards" with low activity, banks are also issuing new "co-branded credit cards". (21 Finance)
After a conflict between a food delivery rider and a security guard, a property management company issued an emergency notice requiring full respect for the food delivery rider.
Recently, the #clash between Hangzhou security guards and food delivery riders# has attracted attention. On August 13, a leading property service company issued an urgent notice to clearly require that full respect and understanding should be maintained for food delivery service personnel, and help and support should be provided when possible.
It is reported that Greentown Service, the property management company of Xixi Century Center Park in Xihu District, Hangzhou City, Zhejiang Province, has also entered the public eye. In July 2016, Greentown Service was listed on the main board of Hong Kong, and was one of the earliest listed property service companies. That year, the company achieved revenue of 3.722 billion yuan. Seven years later, in 2023, Greentown Service's revenue was 17.393 billion yuan, nearly five times the revenue in the year of listing. (The Paper)
Black Myth producer responds to game spoilers: Spoilers are fun enough, Black Myth: Wukong is not that fragile
On August 13, Yocar-冯纪, the producer of Black Myth: Wukong, responded to the leak of game content of Black Myth: Wukong by posting a message: "Since this afternoon, some game information has been leaked in advance, so I have to come out and talk to you again. When PV08 was released, we have already expressed this concern: if spoiler information is known in advance, it is likely to damage the immersion and sense of role-playing when experiencing the game in real life."
Finally, I am still very confident that no matter how much leaked content you have seen in advance (unintentionally or forced), this game will still bring you unprecedented feelings and enough unique fun. So, don't worry, don't be upset, "Black Myth: Wukong" is not that fragile. (Caijing.com Technology)
Starbucks China responds to the change of leadership at headquarters: the personnel adjustment at headquarters does not involve the Chinese market
Recently, Starbucks announced that Brian Niccol has been appointed chairman and CEO and will take up his new position on September 9, 2024. Starbucks Chief Financial Officer Rachel Ruggeri will serve as interim CEO until the appointment takes effect.
In response to the new personnel changes, Starbucks China said that the personnel adjustments at the headquarters do not involve the Chinese market. "Our confidence and commitment to the Chinese market remain the same, and we will continue to focus on the long-term development of our business in China." (Cailian News Agency)
Ant Group's T Space opens in Beijing, with over 3,000 people moving in
On August 14, Ant Group’s own park in Beijing, Ant T Space, was officially opened, and Ant Group’s innovative technology headquarters was officially established in Beijing. Ant Group Chairman and CEO Jing Xiandong said at the opening ceremony of T Space, “Ant will take advantage of Beijing’s talent and scientific and technological innovation advantages, increase investment, and open a new chapter for Ant Technology.”
As of the end of June this year, Ant Group has more than 3,000 employees in Beijing, with a technical R&D team of more than 2,000 people, of which technical talents account for nearly 80%, and talents with a master's degree or above account for nearly 60%. At the same time, Ant Group has established two joint laboratories with Tsinghua University, and has carried out project cooperation with 10 universities in Beijing, including Peking University, Tsinghua University, Renmin University of China, and Beijing University of Posts and Telecommunications. (NetEase Technology)
International News
FOREIGN NEWS
Musk's layoff email was ruled illegal: former Twitter employee awarded $600,000
On August 14, the Irish labor regulator ruled on Monday that the email sent by Elon Musk to employees after the acquisition of Twitter in 2022, requiring them to "click to agree" to retain their jobs within 24 hours or be deemed to have voluntarily resigned, was illegal. The agency believes that not only did the email not give employees enough time to consider, but the employees' failure to click "agree" did not constitute a legal resignation. Instead, the court believed that the email was intended to force employees to either agree to new employment terms without reading the terms, or to voluntarily resign during Twitter's massive layoffs.
The Irish Workplace Relations Commission (WRC) ruled that Twitter (now renamed X) must pay Rooney more than $600,000 (currently about 4.293 million yuan) instead of the less than $25,000 severance pay initially proposed. According to multiple media reports, this is the highest compensation record of the WRC, including about $220,000 in "future expected income loss."
This incident is not an isolated case. After Musk acquired Twitter, a large number of laid-off employees filed lawsuits. Rooney's victory may trigger more similar lawsuits. Twitter can appeal the ruling of the Irish Labor Commission. (IT Home)
Former Google CEO apologizes and removes video after criticizing former employer for not working hard
On August 15, Eric Schmidt, former CEO and executive chairman of Google, retracted his previous criticism of his former employer on Wednesday. He previously said that Google lost to startups such as OpenAI in the artificial intelligence competition because the search giant's remote work policy caused employees to not work hard enough.
"I made a mistake in my comments about Google and its working hours, and I regret my mistake,
" Schmidt said in an email to The Wall Street Journal.
Schmidt, who left the board of Google parent Alphabet more than five years ago, gave a lecture at Stanford University in April that covered a variety of topics. In response to a question about Google's competition with OpenAI, he criticized Google's remote work policy.
"Google believes that work-life balance, going home early and working from home are more important than winning.
Startups succeed because their employees work hard,
" Schmidt said at the time.
He also emphasized to students that
office work is a necessary condition for success in the highly competitive startup environment.
"If you all leave college to start a company, if you want to compete with other startups, you won't let employees work from home and only come to the company one day a week,
" he said.
This week, the video was uploaded to YouTube by Stanford University, and as of Wednesday afternoon, it had been viewed more than 400,000 times. Schmidt said he had asked Stanford University to remove the video. As of press time, the video has been set to private and cannot be played. (Phoenix Network Technology)
Apple advances desktop robot development: seeking new revenue, priced at $1,000
On August 15, it was reported that Apple has a team of hundreds of people working on a new product that mounts an iPad-style display to a robotic arm that uses actuators to tilt up and down as well as rotate 360 degrees.
The desktop device can reportedly serve a variety of purposes, allowing you to control your smart home, participate in video conferences, monitor home security, and more.
Gurman, who has reported several times over the past few months that the company is exploring rumors of a home robot, now says the project is moving forward under the leadership of Kevin Lynch, Apple's vice president of technology.
Sources told Bloomberg that the company plans to launch the robot in 2026 or 2027 and it could cost around $1,000.
Apple, which previously had a canceled car project, launched the pricey Vision Pro earlier this year, making it the latest tech giant to get involved in the field of home robots.
Meanwhile, Amazon recently discontinued the commercial version of its Astro robot, following rumors that the company was about to launch a large-scale generative AI upgrade. (Bianniushi)
Details of iPhone 16's new operation button exposed: similar to SLR shutter button, supports multiple gestures
According to foreign media reports, the iPhone 16 series will be equipped with a new operation button, which will make it easier to take photos in landscape mode. It is reported that the new operation button of the iPhone 16 series is located on the right side of the phone, opposite the power button, and will support a variety of gestures and respond to different pressing strengths. It works similarly to the shutter button on a SLR camera. Users can focus by tapping the button, press hard to shoot, slide to adjust the focal length, and long press to lock the focus and exposure.
In addition, this button may also have a gesture for switching between photo mode and video mode, similar to the mode switching in the iPhone camera app. Although the button appears in renderings and mockups of all models in the iPhone 16 series, Bloomberg's Mark Gurman said this week that it may only be available on the iPhone 16 Pro and iPhone 16 pro Max. (Fast Technology)
Pixel 9 series with built-in AI, Google challenges Apple in all aspects
In the early morning of August 14, Google launched the Pixel series of smartphones with built-in AI at the 9th Made by Google event, and upgraded the Android system with AI in an all-round way before Apple's fall conference. AI became the absolute protagonist of the entire conference. According to Google's previous practice, this annual event should have been held in October, but in order to seize the initiative, the conference was held in advance.
The similarity with Apple is that Google has also targeted edge AI, reconstructed the original operating system with AI as the core, comprehensively upgraded the AI assistant Gemini, deeply integrated it with all Google applications, and made some upgrades in aspects such as photo taking and call summary. The difference is that Gemini can complete all operations independently without relying on third-party services, while Apple has announced a partnership with OpenAI and is also looking for more partners.
As Google executives wrote in a press release, "There is no handoff from third-party chatbots or AI providers that you may not know or trust." This seems to be a veiled criticism of Apple's operations. In June this year, Apple officially announced at WWDC that ChatGPT would be added to Siri in the future. This news made Tesla CEO Musk very dissatisfied. He posted a series of posts on X to criticize Apple: "Apple cannot develop its own artificial intelligence, but it can ensure that OpenAI protects your privacy and security. This is obviously unsafe. Apple has no idea what will happen after handing over your data to OpenAI. They are completely betraying users by doing this." (Blue Whale Finance)
AI startup Replika CEO: It's OK to marry a chatbot
Replika CEO Eugenia Kuyda recently talked about some topics related to "AI companions" in an interview. Replika is an AI company that focuses on developing virtual chat partners that can have personalized conversations. Kuyda believes that chatbots like Replika can provide a unique type of companionship, different from human friendship or the relationship between therapists and clients, more like pet dogs, meeting different emotional needs.
As for the topic of marrying an AI partner, Kuyda believes that as long as users are happier in the long run, it's fine: as long as your emotional health improves, you're less lonely, you're happier, and you feel more connected to other people, then yes, that's fine. (Webmaster's Home)
CapCut's revenue in July reached US$17.6 million
According to App Figures, CapCut's net revenue reached $17.6 million in July 2024. This revenue is the highest level in CapCut's history and is also the revenue that ByteDance received after paying fees to Apple and Google. In July 2024, CapCut's month-on-month revenue also increased by 32%.
CapCut has had steady revenue since launching its subscription service. After becoming profitable, CapCut grew to $1 million in four months and $10 million in six months. Now, CapCut is so far ahead of its competitors that it doesn't need any free packages to support it. Its free package is just an investment that ByteDance has made to build a user community, so now that investment can pay off. (Bianniushi)
Apple iPhone will open NFC access card, allowing third parties to make contactless payments
Apple has just released an announcement, announcing that it will open the iPhone's NFC chip to developers, using secure elements to perform contactless data exchange in their own apps. With the new NFC and SE (secure element) APIs, developers will be able to implement contactless data exchange within the app, which can be used for in-store payments, car keys, closed-loop public transportation, corporate badges, student ID cards, home keys, hotel keys, merchant points and rewards cards, and even event tickets, etc., and will also support identity documents in the future.
This feature will debut in a future beta version of iOS 18.1 and will be first available to developers in Australia, Brazil, Canada, Japan, New Zealand, the United Kingdom, and the United States, but more regions will be supported in the future. (IT Home)
Nvidia's stock price rebounded 17% in four days, and its market value increased by $420 billion
On August 14, according to foreign media reports, despite the new threat from overseas technology competitor Huawei, Nvidia (NVDA)'s stock price is still rising. The past six weeks have been very difficult for Nvidia shareholders. The company's stock price experienced a historic drop, its market value hit a record high, and then experienced four consecutive days of violent fluctuations. However, there are now signs that the worst may be over. The chipmaker's stock price has soared 17% in the past four trading days, adding nearly $424 billion in market value to one of the world's largest companies.
US astronauts have been stranded in space for two months beyond their scheduled time limit, which may affect the commercialization of the US space industry
On August 14, due to the malfunction of Boeing's "Starliner", two astronauts have been stranded in the International Space Station for two months beyond their scheduled time limit, which has aroused concerns from all walks of life. The National Aeronautics and Space Administration (NASA) will continue to study the return plan with various parties this week. One of the options is to let the astronauts return in February next year on the "Dragon" spacecraft of the US Space Exploration Technology Company (SpaceX).
Industry insiders believe that the need for repairs and adjustments when a malfunction occurs during space exploration is not a big surprise in the industry, but this has increased public concerns and may affect the commercialization of the U.S. space industry as development costs remain high. (Guangming.com)
Trump joked about corporate layoffs and Musk: You are also a master at firing people
On August 12, local time, it was reported that former US President Trump accepted an interview with American entrepreneur Musk. During the interview, Trump talked about corporate layoffs. Trump said to Musk: "You are a master at layoffs. I know how you fired employees before. You asked them directly, 'Don't want to work anymore?' I won't mention the name of the company. The employees were on strike at the time, and then you told them directly, OK, all go." (The Paper)
Intel liquidated about 1.18 million Arm shares to raise funds, but the stock investment still lost $120 million
Intel Corp. liquidated its stake in chip designer Arm in the second quarter, a move that comes as the company is slashing jobs and spending to turn around its business. The company said in a regulatory filing that it no longer holds the 1.18 million Arm shares it held three months ago and held zero shares at the end of June. The sale will raise about $147 million for Intel, based on the average price of Arm shares over the same period ($124.34). Despite the potential windfall from the sale of Arm shares, the company reported a net loss of $120 million on its stock investment during the period.
Intel said earlier this month that it would cut more than 15% of its workforce. Since its re-listing, Arm's stock price has risen 146% from its initial public offering price of $51. (Bianniushi)
Russia wants to force mobile phones to pre-install domestic APP stores: iPhone is no exception
On August 14, according to media reports, Russia is preparing a new bill that requires all smartphones sold in Russia to be pre-installed with the local domestic application store VK RuStore. The VK RuStore application store was developed by Russian technology giant VK. This requirement also applies to Apple's iPhone. If the regulations are not followed, the relevant mobile phones will face the penalty of being banned from sale.
However, the introduction of the new bill has caused dissatisfaction among many parties, including electronic product stores and smartphone manufacturers. The Manufacturers Association has jointly requested that the bill not be passed, fearing that it will have an adverse impact on the market. Russian home appliance and computer equipment trading companies and manufacturers associations said that if the bill is passed, since Apple products cannot be pre-installed with VK RuStore, all retail stores will be unable to sell Apple products and face bankruptcy, and gray sales in the market may increase significantly. (Fast Technology)
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